Fed governor calls for rate cut at September policy meeting
A governor of the US Federal Reserve, Christopher Waller, said Thursday that the central bank should lower its key interest...
Economy
Israel ups pressure on famine-struck Gaza City as Trump talks post-war plan
On the ground, Gaza's civil defence agency said Israeli strikes and gunfire killed at least 38 people on Wednesday, including...
Geostrategy
British Airways slashes loss
The airline was helped by "strong" demand from holidaymakers.
- Net losses totalled $96 million in the first three months of 2023, down sharply from 787 million euros a year earlier, the aviation conglomerate said
- Operating profit before exceptional items hit 9.0 billion euros in the quarter, which contrasted with a loss of 718 million last time around
Adidas posts Q1 loss
Its operating profit came in at 60m euros.
- The company booked a net loss of $43 million from January to March, compared to a profit of 482 million euros in the period a year earlier
- Its operating profit came in at 60 million euros, a fall of more than 85 percent from a year earlier, while sales were almost flat at 5.28 billion euros
Vote to decide HSBC split
The bank has urged shareholders to vote down the proposal.
- Asia-focused HSBC has urged shareholders to vote down the proposal at its annual general meeting in Birmingham, central England
- Ping An has argued that the bank lags international peers and a recent improvement in performance was tied to rising interest rates
US authorities probe Goldman Sachs over Silicon Valley Bank collapse
Goldman has been criticized over its multiple roles with SVB, in which it was both advising the California bank and...
- Goldman is cooperating with and providing information to various governmental bodies on its activities for SVB in March just before the bank collapsed, according to the filing
- In Thursday's filing, Goldman said the government probes include when SVB engaged the firm to assist with a proposed capital raise and SVB sold the firm a portfolio of securities
Geostrategy
US national security advisor to visit Saudi Arabia, will meet Indian, UAE NSAs there
Jake Sullivan said that the meetings will help carry forward some very tangible initiatives that will be unlike anything they...
- Jake Sullivan said that the meetings will help carry forward some very tangible initiatives that will be unlike anything they have seen in the region in recent years
- US NSA, who is Biden's top aide on national security matters, has been closely involved in Middle East issues and reiterated Washington's commitment to the region
Geostrategy
Artificial Intelligence dangers: White House summons tech giants
Vice President Kamala Harris and other administration officials will discuss ways to ensure consumers benefit from AI while being protected...
- The lack of rules has given Silicon Valley freedom to put out new products rapidly -- and stoked fears that AI technologies will wreak havoc before the government can catch up.
- A range of experts in March urged a pause in the development of powerful AI systems to allow time to make sure they are safe.
Geostrategy
Iran seeks trade boost with Syria during Raisi’s visit to Damascus
Iran's president hailed his visit to Damascus as a "turning point", after Tehran's support helped Syria retake most of the...
- Raisi said Iran and Syria had signed 15 "cooperation documents" which would allow "both countries to open a new chapter in economic relations".
- Raisi and Assad signed a deal on "long-term strategic cooperation", covering fields including oil, aviation, railways and agriculture.
Economy
ECB raises interest rate but says more steps likely to fight inflation
Frankfurt, Germany - The European Central Bank delivered a smaller interest rate hike Thursday as higher borrowing costs begin to take...
- It was the seventh-straight increase in the ECB's unprecedented campaign of monetary tightening that began last year after costs of everyday goods began to soar.
- Thursday's increase brings the ECB's deposit rate to 3.25 percent, its highest level since 2008.
Business
Major energy companies in West earn $40 billion in Q1 net profits
The surging profits prompted outcry from critics as Britons face a cost-of-living crisis, which has topped the agenda for Thursday's...
- France's TotalEnergies saw net profit advance 12 percent to $5.6 billion in the first quarter. ExxonMobil posted a record Q1 profit $11.4bn, while Chevron earned $6.6bn.
- Falling costs and a better performance at its chemicals division saw Shell's profit surge 22 percent to $8.7bn from a year earlier.
Geostrategy
WHO debates whether Covid emergency should be declared over
Since the beginning, more than 765 million confirmed cases of Covid-19 have been reported to the WHO from around the...
- The World Health Organization's emergency committee's 15th meeting on the crisis comes more than three years.
- The independent committee meets every three months to discuss the pandemic and reports to WHO chief.
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Fed governor calls for rate cut at September policy meeting
A governor of the US Federal Reserve, Christopher Waller, said Thursday that the central bank should lower its key interest...
Economy
Company News
Latest News
World leaders meet for climate talks, but big names missing raising concerns over global climate commitment
The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich...
Donald Trump ramps up transition moves with key appointments
President-elect Donald Trump is tapping loyalists for several key posts after signaling his desire to have his cabinet confirmed without...
Geostrategy
Saudi Crown Prince says Israel must not attack Iran, expresses shock over war crimes in Gaza
Indicating improving ties between the two major powerhouses in the Middle East, Crown Prince Mohammed bin Salman urged international community...
Geostrategy
Most Read
Economy
COP29 opens with Trump climate withdrawal looming
he COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by Donald Trump's re-election. Trump has pledged...
- Fears of an imminent US departure from the landmark Paris Agreement
- US$100 billion-a-year target to help developing nations prepare for worsening climate impacts
Arts & Culture
Portraits of pain: smuggled Palestinian art shows trauma of Gaza
Smuggled art pieces from Gaza are on display in an exhibition in Amman showcasing pain, suffering and a strong resolve...
- The paintings document the brutality of war and massacres… carrying pain and sorrow and also a strong resolve and determination
- The exhibition in Jordan features 79 artworks crafted from improvised materials including medicine wrappers
Geostrategy
Saudi hosts Muslim nations to discuss war in the Middle East with Trump in the equation
Arab and Muslim leaders are gathering in Saudi capital city Riyadh to discuss Israeli war against Gaza and Lebanon in...
- Summit in Saudi Arabia is an opportunity for Muslim leaders to show signal what they want and expect from the incoming Trump administration
- Israeli strikes on Sunday killed dozens in Gaza and Lebanon as US deadline for Israel to improve aid delivery is on Wednesday